8-K

CRH PUBLIC LTD CO 8-K Report (Nov 18, 2008)

Filed November 18, 2008For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed an 8-K report on November 18, 2008, detailing a transaction involving its own shares. On November 12, 2008, the company transferred 12,506 Ordinary Shares from its treasury to participants in its employee share schemes. These shares were transferred at prices ranging from €10.63 to €13.26 per share and £9.66 per share. Following this transaction, CRH now holds 16,520,198 Ordinary Shares in Treasury. The total number of Ordinary Shares outstanding, excluding treasury shares, stands at 531,600,238. This action primarily relates to the company's internal share management for employee compensation and does not represent a significant change in the company's overall financial structure or strategic direction for external investors at this juncture.

Key Highlights

  • 1CRH plc re-issued 12,506 Ordinary Shares from its treasury stock.
  • 2The shares were transferred to participants in employee share schemes.
  • 3Transaction dates: November 12, 2008.
  • 4Share prices varied between €10.63 - €13.26 and £9.66.
  • 5Post-transaction, CRH holds 16,520,198 Ordinary Shares in Treasury.
  • 6The total number of issued Ordinary Shares (excluding treasury) is 531,600,238.

Frequently Asked Questions

The main purpose was to transfer shares from CRH's treasury to employees participating in the company's share schemes. This is a common practice for employee compensation and incentive programs.

A total of 12,506 Ordinary Shares were transferred. The prices ranged from €10.63 to €13.26 per share in Euros and £9.66 per share in Pounds Sterling.

The number of outstanding shares available to the public remains the same. The transaction involved moving shares from treasury stock (which are issued but not outstanding) to be held by employees, reducing the treasury share balance but not affecting the total number of shares in issue excluding treasury shares (531,600,238).

No, this filing primarily concerns the routine management of employee share schemes. It does not signal financial distress or a major strategic shift for the company. The prices are within a certain range, suggesting normal operational activity.